Question 3 Here are comparative statement data for Duke Company and Lord Company, two competitors. All balance sheet data are as of December 31, 2020, and December 31, 2019. Duke Company Lord Company 2020 2019 2020 2019 Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $10 par Retained earnings $1,824,000 1,050,624 269,952 7.296 54,720 329,000 520,800 65,000 108.400 $559,000 296,829 79,937 4,472 6,708 82,300 140.700 34,400 30,800 $312.100 499,700 74,200 92.000 $78,900 125,100 29,000 25,200 495.500 495,500 122,500 122,500 180,900 150.100 35,300 27,300 ta Prepare a vertical analysis of the 2020 income statement data for Duke Company and Lord Company. (Round percentages to 1 decimal place, e.g. 12.1%.) Condensed Income Statement Duke Company Lord Company Dollars Percent Dollars Percent % $ % % % % % % % % % % % % % % % % S % $